Boracay House and Lot

11,000,000

Lot area: 276 sqm more or less (303 sqm on final lot survey or 3262 sq ft)
Zoning: Commercial/ residential; about 98% of lots in Boracay is on tax declaration. Land taxes paid for until 2014.
Living area: ~ 350 sqm more or less (2 storey house= approx. 180 sqm or 1937 sq ft; bar area= approx. 170 sqm or 1830 sq ft)
Parking Space: Yes (inside the property and along the road)
Documents: Land tax declaration (same as most hotels in Boracay, they are also on tax dec), building permit, fencing permit, fire permit, occupancy permit, official appraisal from a licensed real estate appraiser, lot sketch plan, deed of sale from previous owner, tax receipts, tax clearance (COMPLETE AND CLEAN PAPERWORK).
Official Appraisal Result: 11,570,000 php (not including kitchen equipment), appraised by a licensed real estate appraiser.
Residential/ Commercial property located right along the growing commercial area of Diniwid Road. Ideal for a mini-hotel with bar & restaurant.
One of the biggest qualms of home-owners here in Boracay is that they have to take 200 steps up the hill to get home. This is fun for the first 2 weeks of living here, but it can eventually get old.
Our property is right along the side of the paved Diniwid Road. It is about 30 seconds walk to the more quiet and cleaner Diniwid Beach. Station 1 White Beach is also about 50 meters away along Diniwid hill, and D Mall (the town center) is about 10 mins drive away.
The Bar:
This American Sports Bar is operational. It has a 28-seater mahogany wood barwith7 LCD/ LED TVs, LED projector, industrial fans, Yamaha mini-road racing bike, etc. It also has a tiled bathroom (with HCG powerflush toilet, sink, HCG male urinal, etc),staff room, rat-proof storage room, and fully furnished kitchen (with charbroil grill, pizza oven, 18 cubic feet and 7 cubic feet Whirlpool freezers, big coolers, blender, gas oven, burners, etc, etc).
Contact details:
Virgilio Abueva, REBL 17113
Cell: 0906.283.5655, 0921.764.4414
email: vir_abueva@yahoo.com